Anil Singhvi strategy September 1: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi shares his strategy for today's session. Check out his take on key support and resistance levels for the Nifty and the Nifty Bank, and how he views the market.

Zee Business Managing Editor Anil Singhvi sees a strong buy zone in the Nifty at 18,975-19,025 levels.

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,200-19,250 levels and a strong buy zone at 18,975-19,025 levels on Friday, September 1, the first day of the September derivatives (futures and options) series. For the Nifty Bank, he expects support at 43,850-43,900 levels and a strong base at 43,600-43,750 levels.

Here's how Anil Singhvi sums up the market setup:

Global: Negative
FII: Negative

TRENDING NOW
DII: Positive
F&O: Neutral
Sentiment: Cautious
Trend: Neutral

Singhvi sees a higher zone in the Nifty at 19,300-19,350 levels and a strong sell zone at 19,385-19,450 levels. For the banking index, he sees a higher zone at 44,150-44,250 levels and a strong sell zone at 44,350-44,500 levels.

ANIL SINGHVI MARKET STRATEGY

FII index longs at 51 per cent vs 46 per cent the previous day
Nifty put-call ratio (PCR) at 1.19 vs 0.91
Nifty Bank PCR at 0.79 vs 0.61
Fear index India VIX up two per cent at 12.06

For existing long positions:

Nifty intraday and closing stop loss at 19,175
Nifty Bank intraday stop loss at 43,600 and closing stop loss at 43,850

For existing short positions:

Nifty intraday and closing stop loss at 19,450
Nifty Bank intraday and closing stop loss at 44,550

For new positions in Nifty:

Buy Nifty in the 18,975-19,025 range with a stop loss at 18,800 for targets of 19,100, 19,200, 19,235, 19,265 and 19,300
Aggressive traders can buy Nifty near 19,200 with a strict stop loss at 19,150 for targets of 19,300, 19,340, 19,365, 19,385 and 19,400
Sell Nifty in the 19,350-19,450 range with a stop loss at 19,500 for targets of 19,300, 19,250, 19,225 and 19,200

For new positions in Nifty Bank:

Buy Nifty Bank in the 43,600-43,850 range with a stop loss at 43,500 for targets of 43,900, 43,950, 44,000, 44,100, 44,150 and 44,250
Aggressive traders can sell Nifty Bank in the 44,250-44,400 range with a strict stop loss at 44,525 for targets of 44,150, 44,100, 44,000, 43,950, 43,900, 43,850 and 43,750

Stocks in F&O ban: